The global printing machinery and equipment market size is expected to grow from $46.58 billion in 2021 to $51.83 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global printing machinery equipment market size is then expected to grow to $76.34 billion in 2026 at a CAGR of 10.2%.
What is the Global Printing Machinery And Equipment Market?
The printing machinery and equipment market consist of sales of printing machinery and equipment by entities (organizations, sole traders, or partnerships) that produce printing and bookbinding machinery and equipment, such as printing presses, typesetting machinery, and bindery machinery.
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What drives the Global Printing Machinery And Equipment Market?
Rapid advances in technology are expected to drive innovation in printing machinery and equipment machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and to enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the printing machinery and equipment machinery manufacturing market during the forecast period.
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Global Printing Machinery And Equipment Market Segments
The global printing machinery and equipment market is segmented:
By Type: Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery and Equipment, Others
By Capacity: Small, Medium, Large
By Operation: Autonomous, Semi-Autonomous, Manual
By End-Use: Packaging, Publication, Others
By Geography: The regions covered in the printing machinery and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Printing Machinery And Equipment Global Market Report 2022provides market size and growth forecasts for the global printing machinery and equipment market, global printing machinery and equipment market share, printing machinery and equipment market segments and geographies, printing machinery and equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The printing machinery and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Printing Machinery And Equipment Industry Playersinclude Canon Inc, Konica Minolta, Inc, Fujifilm Corporation, Heidelberger Druckmaschinen AG, Xerox Corporation, Ricoh Group, Koenig & Bauer AG, Dover Corporation, Agfa-Gevaert NV, and Komori Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
